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Berkshire Hathaway’s Retail Sales Jump

Feb 27, 2017 4:12 AM   By Rapaport News
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RAPAPORT... Revenue from Berkshire Hathaway’s retail division, including three jewelry businesses, grew 14 percent to $15.09 billion last year, the company reported over the weekend.

Pre-tax earnings for the unit increased 17 percent to $659 million in 2016, the Warren Buffett-owned conglomerate said.

The rise in sales reflected the acquisitions of car-dealership group Berkshire Hathaway Automotive and motorcycle-accessory retailer Detlev Louis Motorrad in 2015. The retail division also includes jewelers Borsheims, Helzberg and Ben Bridge.
Tags: ben bridge, Berkshire Hathaway, Berkshire Hathaway Automotive, borsheims, Detlev Louis Motorrad, Helzberg, jewelers, Jewelry, Rapaport News, retail, warren buffett
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